A40 price action, page-164

@Pela

Your are right. Mark developed BH without DFS which is very unusual in lithium sector.

Same can be said about my investment in TAW.
Having pleasure of reading book on pegmatites (which Mark co author) and his 8 years of leadership in Perseus Mining ( from dirt to ASX 100 ) was the main factor why I invested in TAW when announcement was made on his appointment.

My investment decisions are more based on quality of the management than resources, products, service etc.

If MC and his team can only deliver 50% in lithium to what he achieved as gold miner at the helm of Perseus, we all will be very happy investors.

That takes time and strength to brush away small hiccups we are facing now and just need to let the professionals do their job.

I could be wrong but it is my opinion that MC knows more what market was told about potential of BH and Cowan and decided to go ahead with mining rather than keep exploring for the next couple of years to prove long term LOM.

Time will tell and in the meantime low SP is nightmare to some and huge opportunity to others.

Any takeover bid will put a spark in the sector but for a longer time I rather see A 40 to be a lithium miner and continue with their plans.